Shaktikanta Das, the Governor of the Reserve Financial institution of India, not too long ago spoke about cryptocurrency, amongst different issues, in an interview with the Financial Instances.
Das believes that cryptocurrency has the potential to trigger monetary instability. He went on to say that cryptocurrency can serve unlawful operations and cash laundering. He additionally believes that as a result of cryptocurrency doesn’t have an underlying base, its value is likely to be extraordinarily unpredictable.
“The costs of one thing which doesn’t have any underlying base, won’t stay excessive on a regular basis. Subsequently it could crash and it has crashed. Finally in a state of affairs like this, it’s the small investor who loses cash, and subsequently it’s a massive danger for the small buyers additionally.”
Das had beforehand termed cryptocurrency “harmful” when markets have been in poor form. Within the interview, he additionally conveyed his aid and hoped that buyers would take his warning significantly. Regardless of India’s unfavorable view on cryptocurrencies, many customers welcome blockchain know-how. Das additionally emphasizes the benefits of blockchain know-how and the way different industries use it.
He was of the opinion that India is positioned in a different way in comparison with the superior economies. Das added that the rise of cryptocurrency just isn’t wholesome for the Indian financial system. He added that it would solely reach developed economies.
India’s Enforcement Directorate is investigating CoinSwitch Kuber as they’ve deployed a search into the alternate’s premises, in accordance with an ED official from Bangalore.
Advertisement
“We’re trying into a number of doable contraventions below FEMA and different entities which can be linked to it.” “Since we didn’t obtain the specified cooperation, we’ve carried out searches on (residences) of administrators, the CEO, and the official premises” of the alternate, stated the ED official.
The ED can be reportedly investigating different exchanges together with WazirX.
The Anti-Money Laundering Authority has taken a significant step in a complex investigation involving stolen cryptocurrency, marking the first time in Greece that crypto assets have been frozen and identified as proceeds of crime.
The case has drawn international attention, with the US Federal Bureau of Investigation (FBI) issuing a public alert confirming the freezing of suspicious digital assets.
Advertisement
The investigation began last month when the Authority received information about a suspicious transaction involving a registered user on a Greek-based cryptocurrency exchange platform.
Further checks revealed that the user’s Ethereum wallet had received a large amount of digital currency, which was later traced back to a major international theft.
The funds originated from the Bybit hack, disclosed in February, in which hackers stole approximately $1.5 billion worth of Ethereum – the largest theft of its kind to date. This incident surpassed the 2022 Ronin Network breach, in which $620 million in Ethereum and USD Coin were stolen.
Following the analysis, the Authority issued a Seizure Order for the wallet and the crypto assets it contained. The relevant documentation has been forwarded to the Prosecutorial Authority for further investigation.
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the upcoming listing of DeLorean (DMC) on its Launchpool platform, with a total reward pool of 66,176,000 DMC tokens. Participants will have the opportunity to lock BGB or DMC tokens to earn a share of the reward allocation. The locking period will begin on June 24, 2025, at 11:00 UTC and conclude on June 26, 2025, at 11:00 UTC.
CoinMarketCap, the popular cryptocurrency price tracking site, suffered a website supply chain attack that exposed site visitors to a wallet drainer campaign to steal visitors’ crypto.
On Friday evening, January 20, CoinMarketCap visitors began seeing Web3 popups asking them to connect their wallets to the site. However, when visitors connected their wallets, a malicious script drained cryptocurrency from them.
The company later confirmed threat actors utilized a vulnerability in the site’s homepage “doodle” image to inject malicious JavaScript into the site.
“On June 20, 2025, our security team identified a vulnerability related to a doodle image displayed on our homepage. This doodle image contained a link that triggered malicious code through an API call, resulting in an unexpected popup for some users when visited our homepage,” reads a statement posted on X.
“Upon discovery, We acted immediately to remove the problematic content, identified the root cause, and comprehensive measures have been implemented to isolate and mitigate the issue.”
Advertisement
“We can confirm all systems are now fully operational, and CoinMarketCap is safe and secure for all users.”
Cybersecurity firm c/side explained that the attack worked by the threat actors somehow modifying the API used by the site to retrieve a doodle image to display on the homepage. This tampered JSON payload now included a malicious script tag that injected a wallet drainer script into CoinMarketCap from an external site named “static.cdnkit[.]io”.
When someone visited the page, the script would execute and display a fake wallet connect popup showing CoinMarketCap branding and mimicking a legitimate Web3 transaction request. However, this script was actually a wallet drainer designed to steal connected wallets’ assets.
“This was a supply chain attack, meaning the breach didn’ target CMC’s own servers but a third-party tool or resource used by CMC,” explains c/side.
“Such attacks are hard to detect because they exploit trusted elements of a platform.”
Advertisement
More details about the attack came later from a threat actor known as Rey, who said that the attackers behind the CoinMarketCap supply chain attack shared a screenshot of the drainer panel on a Telegram channel.
This panel indicated that $43,266 was stolen from 110 victims as part of this supply chain attack, with the threat actors speaking in French on the Telegram channel.
Screenshot of drainer panel shared on Telegram Source: Rey
As the popularity of cryptocurrency has boomed, so has the threat from wallet drainers, which are commonly used in attacks.
Unlike traditional phishing, these types of attacks are more often promoted through social media posts, advertisements, spoofed sites, and malicious browser extensions that include malicious wallet-draining scripts.
Reports indicate that wallet drainers stole almost $500 million in 2024 through attacks targeting more than 300,000 wallet addresses.
The problem has become so pervasive that Mozilla recently introduced a new system to detect wallet drainers in browser add-ons uploaded to the Firefox Add-on repository.
Advertisement
Patching used to mean complex scripts, long hours, and endless fire drills. Not anymore.
In this new guide, Tines breaks down how modern IT orgs are leveling up with automation. Patch faster, reduce overhead, and focus on strategic work — no complex scripts required.
